Context
In this paper, you’ll find all the details regarding the upcoming EXA Market Rewards Program.
TLDR
- This program aims to reward both collectors and creators based on their activity on EXA Market and to bring traction for Algorand NFTs.
- The rewards program will last for 4 weeks. It will begin on
Thursday, February 1st
and close on Thursday, February 29th
.
- A total of
96,715 ALGO
have been allocated to EXA Market proportionally based on its trading volume over the past months.
70,000 ALGO
will be distributed weekly to collectors (17,500 ALGO a week
)
20,000 ALGO
will be distributed weekly to creators (5,000 ALGO a week
)
6,000 ALGO
will be distributed for marketing purposes
- The funds will be distributed from the **algorewards.examarket.algo** wallet account.
Summary
What's the rewards program all about?
How long will the rewards program last?
How will the rewards program work?
When will the ALGO rewards be distributed?
How are the collector’s leaderboard score and ranking calculated?
How would you prevent bad actors?